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Is that because they posted the 8k?
The SEC are likely to suspend until they can investigate to "protect investors". It happens quickly if it's going to happen. This one smells bad.
That's just insane, the company has come out with the 8k, this is all over and could even get halted worst case. You don't get a bounce on an obvious proven fraud
Why tf are people buying this heavily on the bid?? I think they are slowly realizing but what positive can come out of this scam? It will either get halted or crash further, there's no upside
How many more 4s are you after before you stop again?
Not worried that it went down to half the value?? It may go back up or this might well be when they grind it into the ground. There's lots more shares to sell yet. I have a policy of not holding as stocks go down, that's a fools game
OS is way higher than that by now
Common description is that if shares are purchased on the bid, they are sold. If they are purchased on the ask, they are bought. Of course there is always someone who buys and sells on every transaction. If there wasn't, there wouldn't be any bagholders.
They are diluting right now, not buying. Why do you think so many shares were dumped at the bid today? And why are we are sitting at no bid with 218m to buy?
I managed to get out in that 20m purchase! Thanks to whoever got rid of my bagholding on this one! Best of luck to everyone else.
What's going on here? I have a small amount and was waiting for 2s to start falling and now they just dumped a load of 1s on the bid?
Pretty amazing. Very thin, selling at a minimum. This could really move fast
Certainly looks that way! This is so thin it is moving up fast!
I've bought 5s and 6s, will buy more at 7s. Going very nicely so far!
Don't you think there is a problem with the tech? Why is it still lingering without approval? This is a typical OTC shell with no revs and no business.
It gets hyped and it goes up, it gets diluted and goes back down. It has nothing to do with real business
Considering there was only 9m of 6s left and a huge bid at 5s, does anyone think this will start at 6s / 7s when it reopens?
VPOR ready to pop! 6s hit all day, tomorrow 7s and up fast
Exactly. Shorting exists on OTC but there is no "burning of shorties" and all the other nonsense. People manipulate stocks down and then cover on conversions. May as well stand back and watch at that point because you can't do anything to fight it.
Right now, this is being diluted heavily again. It's too dangerous to gamble on until that slows down ( maybe never)
Plenty of other stocks out there where they dilute but allow profit making along the way
I know, sorry! Hard to put a positive spin on having a further 1.6b shares being sold (2.3b OS on a 3.9b AS) and then 16b to follow though. Along with the par decrease.
I thought the whole point here was supposed to be an AS decrease. So much for that.
Releasing this right before Christmas is a joke.
They have lowered the par value and allowed themselves to sell another 16b shares, what do you think?
What will happen is carnage next 2 trading days with a big sell off. Then it will seem like everyone has forgotten and there will be a few dead cat bounces until they start even heavier dilution at even lower prices until they've sold out at no bid.
They can't lose because they will always be able to convert lower than the current price.
Then finally an RS to rinse and then repeat
Carnage
Um, aren't you the one ignoring the great big bid at 4s? They won't start hitting that unless they think they can break through it. This has hit bottom and now it's just a case of waiting for 5s and 6s to churn.
They won't get past the wall at 4s and know it so they want to sell some 5s and then they'll let this go back up again. Watch!
Yes it was, as you say, done!! Have fun with your next one
It still will. Nice run though I have to say. Most people who bought at 6s would have probably sold at 8s and 9s on the way up but if anyone held all the way up to 14 or 15, fair play. Good profits made there!
Now time to go down and reset.
I have a day job! I missed this last run and never chase stocks on their way up, learned my lesson on that one a long time ago.
Now I'm just watching and may get involved in the next run from down at 5s/6s back up to here. My guess is not until the New Year though now at this rate.
Loving all the comments about how it's going to 0.02 and so on though, how's that playing out?.....son
After selling what you had at 13/14. Great strategy! Pump it, get other people to buy and then sell high and buy low again! Go for it. Let's see if there's another queue ready to buy from you again.
I'm not the one working here, I'm just waiting and watching for my time to trade on my own dime.
I'd have happily bought 7s if it was going that way and will buy the bottom if it doesn't. I just won't be fooled into buying 6s when they are just about to slam 5s.
?? They did at 1:27pm which is before your post. 5s are being hit.
Or you can follow me :)
We shall see....Not looking great right now.
My prediction is that the dilutors get bored of waiting for 6s with this low volume and hit up 5s by EOD. We shall see.
Hmmm, 6s are increasing on the ask, 5s are reducing on the bid. I think I'll wait thanks. 5s will be dropping hard by this afternoon.
I made the right choice leaving at 7s and feel sorry for people who didn't. I can always jump back in at that level. My meagre amount of shares made no difference overall, I'm no Power with 100s of millions! :)
The MMs decide where this goes, not us. There's enough momo here to keep it at this level but not enough to take it up with them blocking all the way.
At least I am a buyer on the way up instead of all the bag holders who will ditch slowing things down
The only people to blame here are the people dumping large amounts of convertible shares without allowing any breathing space.
That then causes the other issues.
If they would just hold off and let it rise, negativity would turn into positivity pretty quick
It's not a hope, I will buy 7s back if I feel that it will go past that point or buy lower if it goes down. I'm indifferent right now, I've lost big time on this one and if I see a proper opportunity to jump back in, I will. Now is not that time. There's a very risky chance of buying 5s and maybe selling 7s but you can easily get stuck bag holding so no thanks.
This pos is f'd. Does that help? :)
The temptation to hit that bid must be strong by now with these dilutors. They have to let it grow and grow and then they'll take it all out in a few hits. Then we see 4s. Not sure why anyone is expecting any other outcome considering volume has decreased. They are just bleeding out as many 6s as they can get while they wait for 5s to grow.
Then repeat the same game with 5s on the ask and 4s on the bid and we go down again.
Anyone who thinks this is bottom has not been watching for the last few weeks. It is no different to any other time when the bid collapses by EOD.
Can we get a quick reality check here. They are diluting the hell out of this and it is going down. No one is artificially manipulating it, its pure heavy dilution.
7 were hit hard and then flagged towards end of day. 8s were sitting at 30m all day and no one wanted them. This is going down not up. 6s will fall tomorrow.
Your chart is upside down
I've been watching this one very closely and looking for when to jump back in. Now is not the time imo but you can do what you wish.